Johannesburg: South Africa’s fuel prices have swayed recently due mainly to an exceptionally unstable currency. The Rand has hit a worst ever level against the dollar, and an oil price which has traded at record lows.
Even though those who drive cars with petrol engines can look forward to some relief at the pumps on Wednesday with a 30c per litre drop in prices, Diesel is set to increase by 15c per litre.
Fuel prices however, are comprised of a number of different fees, which all contribute to the total per litre cost of fuel at the pumps.
The net effect of the added fuel tax is a staggering R17bn extra that motorists will cough up this year.
These fees include the basic fuel price (BFP), which is the single biggest piece of the total cost, as well as other duties and taxes such as the fuel levy, road accident fund contribution, and customs costs.
Over and above these fixed costs, the trucking industry is faced with other costs that contribute to their entire fuel bill. These costs include fuel theft, where fuel is syphoned out of fuel tanks, resulting in a major ‘black market’ industry that is crippling the trucking business.
Another increasing phenomenon is fuel fraud which takes place at garages, where cross-border truck drivers pay more than the fuel put in the trucks with the rest put into drums and sold. This increases costs to the truck companies.
Other costs associated with fuel include driver behaviour, fuel contamination and many others activities, which can all be halted by Globaltrack’s Fuel Solution.
This fuel solution has proved to be effective to many of Globaltrack’s clients by monitoring, tracking and reporting on these costly activities and therefore ensuring that trucking companies can reduce their fuel bill significantly, while avoiding passing these cost to the consumers.
Pieter Smits, CEO of Globaltrack, has this to say. “The transportation industry needs to look at other ways of saving money ahead of these increases
“Our tried and tested Fuel Management Solution assists the trucking fleet owner’s management of fuel costs and helps to curbs fuel theft that is rampant in the logistics industry”, Smits continued.
Globaltrack is an Innovation award winning company, providing fleet management solutions based in Johannesburg, whose team have been working vigorously to provide cost saving solutions for their various clients in the fleet and transport management sector ahead of the fuel levy and diesel price increase.
Globaltrack delivers sophisticated location-based asset monitoring information for a wide range of industries and applications globally. Through the use of the latest hardware and our uniquely developed WebTrack software, our customers are able to reduce costs and increase safety, wherever they are. We offer our clients the use of different types of hardware, dependent on their requirements and environment; this includes satellite based or a combination of satellite and cellular, assuring our clients coverage at all times while using the most economical and effective solution for their operation irrespective of whether they operate locally or globally. For more information please visit www.globaltrack.com.